'Sale' and 'purchase' mean any transfer, exchange, or barter, conditional or otherwise, of tangible personal property for a consideration including: (1) a transaction in which possession of tangible personal property is transferred but the seller retains title as security for payment, including installment and credit sales; (2) a rental, lease, or other form of agreement; (3) a license to use or consume; and (4) a transfer of title or possession, or both. HISTORY: 1990 Act No. 612, Part II, Section 74A.
South Carolina Legal Code